As a form of individual industrial and commercial households, individual studios need to declare and pay taxes in accordance with relevant regulations. According to the tax law, individual studios need to pay personal income tax, value-added tax and additional tax.
Personal income tax: personal studio takes personal income tax as the main tax, and the tax rate is 3.5%. If it is in the form of enterprise, it needs to pay 20% enterprise income tax.
VAT: Individual studios are required to pay VAT at the rate of 3%. However, it should be noted that VAT can only be paid if the sales or turnover reaches the threshold.
Additional tax: Individual studios also need to pay additional tax at the rate of 0.3%. Similarly, only when the sales or turnover reaches the threshold can the additional tax be paid.
In addition, the tax verification of individual studios can apply for verification and collection, and the specific verification and collection standards may be different due to different regions and industries. Individual studios need to provide relevant financial and tax information when conducting tax verification, and declare and pay taxes in accordance with regulations.
The difference between small-scale taxpayers and ordinary taxpayers is mainly reflected in the following aspects:
The tax rate is different. The value-added tax rate of small-scale taxpayers is usually 3%, while the tax rate of general taxpayers varies according to different business types, mainly 6%, 9%, 13% and so on.
The use of invoices is different. Small-scale taxpayers usually cannot issue special invoices for value-added tax when selling goods, but can only use ordinary invoices; General taxpayers can issue special invoices for value-added tax, and can obtain special invoices for value-added tax for deduction when purchasing goods.
Accounting treatment is different. The accounting treatment of small-scale taxpayers is relatively simple, and sales revenue is usually included in the cost in full; The accounting treatment of ordinary taxpayers is complicated, so it is necessary to distinguish between input tax and output tax, and take input tax as deduction.
Tax incentives are different. Small-scale taxpayers usually enjoy more tax benefits, such as exemption from value-added tax for quarterly sales within a certain amount; Ordinary taxpayers enjoy less tax benefits.
The reporting cycle is different. The reporting period of small-scale taxpayers is usually more simplified, usually quarterly; General taxpayers need to declare on a monthly basis, which is usually more complicated than small-scale taxpayers in tax calculation and reporting.
To sum up, it is Bian Xiao's relevant answer about the studio tax standard, hoping to help you.
legal ground
Article 4 of the Enterprise Income Tax Law The enterprise income tax rate is 25%. The tax rate applicable to non-resident enterprises obtaining the income specified in the third paragraph of Article 3 of this Law is 20%. Article 5 of the Enterprise Income Tax Law states that taxable income is the total income of an enterprise in each tax year, and the balance after deducting non-taxable income, tax-free income, various deductions and allowed losses in previous years. Article 28 of the Enterprise Income Tax Law The enterprise income tax shall be levied at a reduced rate of 20% for qualified small-scale enterprises with low profits. High-tech enterprises that need special support from the state shall be subject to enterprise income tax at a reduced rate of 15%.